Open Standard is entering the stablecoin market with Open USD, pitching a structure that differs from the models used by Tether and Circle. According to CoinDesk, CEO Zach Abrams said the "overwhelming majority" of Open Standard’s equity will be distributed over time to partners, with allocations tied to how much they contribute to growing the stablecoin. Abrams described the concept as "building money," framing the effort as a different way to align incentives around stablecoin expansion. The company is positioning Open USD directly against the two dominant issuers, but with a model centered on sharing ownership with ecosystem partners rather than keeping that equity concentrated internally. The remarks were published by CoinDesk in a report by Krisztian Sandor, edited by Stephen Alpher.
Open Standard is taking a different approach as it pushes Open USD into competition with Tether and Circle. CEO Zach Abrams said the "overwhelming majority" of Open Standard’s equity will be distributed over time to partners, based on how much they help grow the stablecoin.
Abrams described the model as "building money." CoinDesk reported that Open USD is taking on Tether and Circle with a stablecoin structure that departs from the standard model used by the two issuers.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
